The Angel Tax Demonic-Emergence and the Silver Lining of CBDT Proposal
The amendment increases tax liability upon the startup and severely affects their dependency on seed funding during their initial rounds.
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Venkata Kartheek Vegesana
- Apr 14, 2023
- 4 min
Analysing the Impact of the Widening of Angel Tax on Indian Economy and Start-up Ecosystem
The article aims to primarily analyse the impact of the widened Section 56(2)(viib) of the Income Tax Act 1961.
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